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Nigeria’s President Tinubu Announces Petrol Price Reduction, CNG Alternative

President Bola Tinubu has revealed that Nigerian motorists can now purchase petrol at N1,000 per litre or equivalent Compressed Natural Gas (CNG) at N200 per standard cubic meter.

During a meeting with Nigerian Independent Petroleum Company executives, Tinubu commended NIPCO’s contributions to the nation’s energy transition efforts, particularly its support for the Presidential Compressed Natural Gas Initiative.

The president emphasized the importance of public-private partnerships in driving the transition to cleaner and more affordable energy solutions. He also encouraged NIPCO to continue its innovative approach to CNG expansion.

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